China Faces Sharpest Slowdown Since 2024: Output 5.2%, Retail 3.4%, Investment 0.5% As Rate Cuts Expected

China Faces Sharpest Slowdown Since 2024: Output 5.2%, Retail 3.4%, Investment 0.5% As Rate Cuts Expected

New Delhi: China’s economy slowed more than expected last month as a slump in investment raised hopes of new government stimulus to keep growth on track with its 5 percent annual target. Official data show industrial output rose just 5.2 percent year-on-year in August, the smallest gain since August 2024 and down from 5.7 percent…

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